Social media confronts election misinformation – Breaking news, Tech news, Celebrity News, Bussiness and Finance News

You could have heard that the USA had a presidential election yesterday, with loads of implications for the tech world, notably with social media as one of many battlegrounds within the battle over the outcomes. In the meantime, main tech-relevant poll measures, like California’s Proposition 22, additionally handed. I’ll do my finest to cowl all of it in your Day by day Crunch for November 4, 2020.
The massive story: Social media confronts election misinformation
Right here’s the excellent news: Election Day in the USA was largely free from disruptive cyberattacks.
The dangerous information? Nicely, we don’t have a winner within the presidential election but — though Joe Biden is up 2% within the in style vote as I write this on Wednesday afternoon, and he’s main narrowly in key battleground states. The uncertainty has created a giant alternative for misinformation, notably from President Donald Trump and others concerned together with his marketing campaign who’re making an attempt to forged doubt on the voting and vote-counting course of whereas prematurely claiming victory.
As my colleague Taylor Hatmaker put it, it is a “nightmare misinformation state of affairs,” with the president and his marketing campaign doing their finest to “work the misinformation ecosystem he’s cultivated during the last 4 years.”
At the least Fb and Twitter try to stem the unfold in numerous methods: Twitter has added warning labels to quite a few Trump and Trump marketing campaign posts (Trump and his marketing campaign members aren’t the one ones getting warnings labels proper now, however to be clear: They’re those spreading harmful misinformation concerning the outcomes — whereas the Biden marketing campaign is, to place it merely, not). Fb additionally added messages on the prime of each Fb and Instagram noting that votes are nonetheless being counted.
The tech giants
Apple, Microsoft and different tech shares roar because the presidential election narrows to a number of states — On the shut of buying and selling right this moment, the tech-heavy Nasdaq Composite was up 3.8%.
Zynga studies document income and robust person progress whereas nonetheless shedding $122M — The corporate predicted additional progress in This autumn, with income up 55% to $570 million.
Startups, funding and enterprise capital
Intel has acquired Cnvrg.io, a platform to handle, construct and automate machine studying — Intel continues to snap up startups to construct out its machine studying and AI operations.
Aveine’s Sensible Wine Aerator is a big improve for wine lovers, and will create some new ones, too — This gadget from a French startup presents variable, on the spot aeration, together with a linked app platform.
Hustle Fund, a pre-seed agency, closes $30M for a brand new fund — Hustle Fund was created by Elizabeth Yin and Eric Bahn, two former 500 Startups companions.
Recommendation and evaluation from Further Crunch
Will new SEC fairness crowdfunding guidelines encourage extra founders to move the hat? — Corporations can now elevate $5 million by way of fairness crowdfunding.
As tech shares rally, deliver on the IPOs — The Change has heard whispers that the late-November/early-December interval might be energetic for brand spanking new filings.
(Reminder: Further Crunch is our membership program, which goals to democratize details about startups. You possibly can join right here.)
Every thing else
CA poll measure that retains gig staff as impartial contractors is projected to move — Uber, Lyft, Instacart and DoorDash (the most important backers of California’s Proposition 22) are getting their means.
Hashish legalization measures set to move in 5 states — Hashish legalization was on 5 state ballots yesterday and ran the desk.
Massachusetts voters move a right-to-repair measure, giving them unprecedented entry to their automobile knowledge — Beneath the measure, as soon as an individual buys a car, they personal all of its knowledge.
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